Pentair PLC. (NYSE:PNR) - Analysts at William Blair reduced their Q3 2017 earnings estimates for shares of Pentair PLC. in a research note issued to investors on Tuesday. William Blair analyst B. Drab now forecasts that the industrial products company will post earnings per share of $0.93 for the quarter, down from their previous estimate of $0.94. William Blair also issued estimates for Pentair PLC.’s Q4 2017 earnings at $0.93 EPS.
A number of other research firms also recently commented on PNR. BidaskClub downgraded shares of Pentair PLC. from a “hold” rating to a “sell” rating in a research report on Thursday. BMO Capital Markets reissued a “hold” rating and set a $61.00 target price on shares of Pentair PLC. in a research report on Wednesday, April 26th. Royal Bank Of Canada reissued a “buy” rating and set a $77.00 target price on shares of Pentair PLC. in a research report on Tuesday, June 6th. Zacks Investment Research raised shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Tuesday, June 6th. Finally, KeyCorp raised shares of Pentair PLC. from a “sector weight” rating to an “overweight” rating and set a $77.00 target price on the stock in a research report on Wednesday, May 17th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $66.86.
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Shares of Pentair PLC. (NYSE:PNR) traded up 0.40% during trading on Friday, reaching $62.75. 83,724 shares of the company were exchanged. The stock’s 50 day moving average is $65.80 and its 200 day moving average is $62.86. Pentair PLC. has a 1-year low of $53.80 and a 1-year high of $69.03. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 22.84 and a beta of 1.40.
Pentair PLC. (NYSE:PNR) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.00. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm posted $1.11 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Investors of record on Friday, July 21st will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Wednesday, July 19th. Pentair PLC.’s dividend payout ratio (DPR) is presently 40.71%.
In related news, Chairman Randall J. Hogan sold 220,000 shares of Pentair PLC. stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $66.03, for a total value of $14,526,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. /Wi Jones sold 10,000 shares of Pentair PLC. stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $67.68, for a total transaction of $676,800.00. Following the completion of the sale, the director now owns 20,804 shares of the company’s stock, valued at $1,408,014.72. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,726,000 shares of company stock valued at $112,619,140 and sold 237,500 shares valued at $15,706,725. 9.90% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in Pentair PLC. during the fourth quarter worth approximately $510,000. UBS Asset Management Americas Inc. boosted its stake in Pentair PLC. by 5.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,197,607 shares of the industrial products company’s stock worth $67,149,000 after buying an additional 58,957 shares during the period. Teachers Advisors LLC boosted its stake in Pentair PLC. by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 251,711 shares of the industrial products company’s stock worth $14,113,000 after buying an additional 1,637 shares during the period. Kentucky Retirement Systems bought a new stake in Pentair PLC. during the fourth quarter worth approximately $680,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Pentair PLC. during the fourth quarter worth approximately $304,000. Institutional investors own 86.28% of the company’s stock.
About Pentair PLC.
Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.
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